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Meaning of productive efficiency | Babel Free

Noun CEFR B2

Definitions

Productive efficiency is a type of economic efficiency achieved when a firm operates at minimum costs, by using the appropriate inputs to produce the maximum output possible.

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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See also

productive forces Productively Productiveness productivism productivist Productivities

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